Tuesday, September 12, 2017

Within
the span of 2 weeks, U.S. shores have been hit by 2 major hurricanes. Harvey
which hit Texas and Southwest Louisiana in late August, and Irma making its way
through the Florida coast. With the devastation left in their path, the
question now is what is the financial toll on the U.S. after 2 major disasters?
The toll for Harvey’s destruction is estimated to be anywhere between $70 and
$90 billion, with only $35 billion protected by insurance, by RMS a disaster
modeling firm. Analysts have predicted that Irma’s financial toll can reach up
to $172 billion in the U.S. alone. Countries in the Caribbean are expected to
see cost of up to $65 million from Irma alone. [more...]

Equifax, the Atlanta-based company – one of America’s
three giant credit reporting agencies – announced this September that hackers
had penetrated its computers and stole data for at least 10 weeks before being
detected on July 29. What these hackers stole, Equifax reported, were the
names, birth dates, Social Security numbers, and other data of 143 million
“customers” – nearly half the U.S. population. (“Customers” is in quotes because
you likely never asked or agreed to be an Equifax customer, and you have no
ability under current law to make them stop gathering personal financial data
about you.) This attack struck 143 million Americans (most of whom have not yet
felt it) and could put our nation underwater for years to come – perhaps even
drown our personal and national economy and prosperity. [more...]

Tuesday, September 5, 2017

The
Trump administration is considering withdrawing from KORUS (the South Korea-U.S.
free trade agreement). The data supports pulling out, but globalists - who
support economic growth in other countries but support only Wall Street and
Silicon Valley growth here - are freaking out. The case for pulling out of
KORUS is stronger than the case for pulling out of NAFTA. First, Korea is a
recidivist currency manipulator. It’s currency, the won, remained 14.4%
undervalued in May, making Korean goods and services cheaper than they would be
with a fairly-priced won. Mexico’s currency, in contrast, is not undervalued. Second,
America's trade performance under the KORUS agreement is the worst among all U.S.
trade deals. [more...]

Tuesday, August 8, 2017

Notwithstanding the coming solar eclipse... as noted in
Craig R. Smith’s new free study of recent economic cycles, Crisis
Timeline, our lives are influenced by more than the
cycles of day and night, and of summer and winter. Scientists and analysts have
discovered many such cycles that invisibly shape our world, from climate change,
to the rise and fall of economic markets. To see the future, look for the
cycles. Those unaware of such forces can be fooled, and taken advantage of, by
those who are aware. Several of the most powerful economic cycles are about to
converge, each at a low point. [more...]

Monday, July 24, 2017

Globalists are eager to impose a “cashless” society where
everything is credit and debt, where values are easily manipulated, and where
all financial transactions are monitored and taxed by government. This is why
they are squeezing you out of cash and into credit. This is why they do not
want you to convert any of your paper dollars into a form of money they cannot
control or devalue, such as gold. And if the globalists get their way, an
American economic and social crash is inevitable. Your credit will disappear
instantly. What will you do then, without hard money? Neither a plastic card
nor a worthless green piece of paper will save you on that discredited day. You
can prepare now, or be helpless then. [more...]

Traditionally,
venture capital firms are the life blood of Silicon Valley-based tech startups;
however, one type of technology, cryptocurrency, is flipping that relationship
on its head. Simply put, digital currency startups don’t need the cash
traditionally supplied by VCs; and now VCs are turning to cryptocurrency
startups for a piece of the action. This reversed relationship is due to a
phenomenon known as Initial Coin Offerings (ICOs). In an ICO, a cryptocurrency
firm offers a percentage of their currency to initial public backers of the
project in exchange for other types of digital currency, mainly Bitcoin. Simply
put, startup cryptocurrency firms can create their own currency and use
mathematical contract algorithms to control the behavior and existence of this
currency. [more...]

Tuesday, July 18, 2017

The
Coalition
for a Prosperous America (CPA) released a paper this week with an
improved methodology for calculating exchange rate misalignment and its
connection to the U.S. trade deficit, stagnation in wages and living standards,
and slower economic growth. Michael Stumo discusses an innovative
solution to the continuing problem of dollar overvaluation called the Market
Access Charge (MAC).

“The
U.S. dollar is 25.5 percent overvalued,” said Michael Stumo, CEO of CPA. “This
bloated dollar problem amounts to a 25.5 percent export tax which U.S.
businesses and workers must overcome to sell our goods and services
competitively in global markets. Dollar overvaluation dramatically hampers
President Trump’s ability to reduce the trade deficit, create good paying jobs
and rebuild the middle class.”